3215 Irvin Cobb Drive 120-23-00-047, Paducah, KY 42003

$1,200,000

Property Type: Commercial Sale Square Footage: 10,000 Status: Closed

Current Price: $1,200,000 List Date: 9/14/2018 Last Modified: 7/31/2026

Overview

Description

Strong, multi-tenant investment property directly in front of Lowe's and across the street from Wal-Mart. Currently 100% occupied by five tenants (Penn Station East Coast Subs, Snap Fitness, Hoskins, Queen Nail Spa, Mobile Nation ), all with NNN leases and options. Offered at a 7.0% cap. Leases available upon request. Tenants report excellent sales and intent to extend. Built in 2003 and configurable with up to six tenant spaces (9,500 +/- SF GLA). 51 parks, and over 17,200 vehicles per day traffic count. Five new HVAC units in Dec. 2015. All parking lights replaced with high-efficiency LED in Dec. 2017. Parking lot sealed & striped in July 2018. Excellent investment opportunity in one of Paducah's busiest retail areas.

Listing Details MLS# W99435

Status Change Information

Status Change Timestamp: 2019-01-28
Purchase Contract Date: 2018-12-14
Close Date: 2019-01-25
Close Price: 1200000
Buyer Financing: Conventional

Address

County: McCracken
Street Number: 3215
Street Name: Irvin Cobb
Street Suffix: Drive
Unit Number: 120-23-00-047
State: KY
Zip Code: 42003

Contract

Original List Price: 1499900
Listing Contract Date: 2018-09-14
Owner Name: Vision Prop. Mgmt., Inc.
Occupant Type: Tenant
SP/LP: 0.8

Interior

Living Area: 10000
Building Area Source: Public Records

Parking Information

Parking Total: 51

Building

Basement YN: No
Stories Total: Yes
Accessibility Features YN: Yes

More Information

Lot

Lot Size Dimensions: .999

Utilities

Cooling YN: Yes
Heating YN: Yes

Remarks

Public Remarks: Strong, multi-tenant investment property directly in front of Lowe's and across the street from Wal-Mart. Currently 100% occupied by five tenants (Penn Station East Coast Subs, Snap Fitness, Hoskins, Queen Nail Spa, Mobile Nation ), all with NNN leases and options. Offered at a 7.0% cap. Leases available upon request. Tenants report excellent sales and intent to extend. Built in 2003 and configurable with up to six tenant spaces (9,500 +/- SF GLA). 51 parks, and over 17,200 vehicles per day traffic count. Five new HVAC units in Dec. 2015. All parking lights replaced with high-efficiency LED in Dec. 2017. Parking lot sealed & striped in July 2018. Excellent investment opportunity in one of Paducah's busiest retail areas.

Building and Property Details

Retail SqFt: 9500

Property Features

Utilities: Cable Available; Cable Connected; Natural Gas Available; Sewer Available; Water Available; Other; Cable Available; Cable Connected; Natural Gas Available; Sewer Available; Water Available; Other Business Type: Restaurant; Retail; Other Construction Materials: Concrete Cooling: Central Air Docks: None Heating: Forced Air; Natural Gas Parking Features: Other Possession: Close Of Escrow; Negotiable Roof: Rubber Sewer: Public Sewer Showing Requirements: Call Listing Agent; Call Listing Office; Restricted Hours Documents: Other

Listing Office: Sirk & Company

Last Updated: July - 31 - 2026

Information deemed reliable but not guaranteed.